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Diving Komodo 2018-11 3 of 8
January 9, 2019
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diving | Tagged: Komodo | 
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Production at Malaysian gas field to resume full production by August 2019
January 8, 2019Dateline 2018-11-26, LNG Industry:
According to Reuters, Petronas has announced that production at the Kebabangan gas field in Sabah is expected to resume working at full capacity by August next year.
This follows disruption that was caused by a gas leak at the related Sabah Sarawak Gas Pipeline in January this year. Reuters reports that repairs have now been completed, but that integrity assurance tests are still being carried out on the 500 km pipeline. These tests are reportedly expected to be completed by July next year.Reuters quotes Petronas as saying: “The supply disruption, however, did not impact our LNG cargo deliveries to customers.”
According to Reuters, the finance minister of Malaysia recently announced that the nation’s economic growth has been significantly affected by the supply disruption. He reportedly noted that gas exports have been seriously impacted since 2Q18.
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Leave a Comment » | oil and gas | Tagged: Kebabangan, Petronas | Permalink
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Malaysia’s Petronas sets up team for renewable energy push
January 7, 2019Is PETRONAS exceeding its mandate, and a prime candidate for monopoly laws? Which parlimentary constituency are they part of?
Dateline 2018-12-27, Reuters:
Malaysian state-owned oil and gas firm Petroliam Nasional Berhad, or Petronas, has set up a new business within the group to make a push into renewable energy, the head of the new venture said on Tuesday.
Petronas has expressed interest over the last year to diversify into renewables amid low oil prices. In March, Chief Executive Wan Zulkiflee Wan Ariffin said Petronas will explore new business areas including new energy and that the company will assess opportunities in solar power.
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Leave a Comment » | oil and gas | Tagged: Petronas, Wan Zulkiflee Wan Ariffin | Permalink
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Growth hit by Sabah gas snag
January 6, 2019Dateline 2018-11-28, Daily Express:
Malaysia’s gas exports have been suffering from severe disruption since the second quarter of 2018 following a production breakdown at the Kebabangan gas field in Sabah, according to Finance Minister Lim Guan Eng, recently.
Hence, he said, the country has not fully benefited from the rising oil prices in the past six months.
“Major repairs and assessment works are still ongoing and production is only expected to return to full capacity by the middle of next year the latest,” Lim said in a statement.
He highlighted that the supply disruption has severely affected gross domestic product (GDP) growth and petroleum income tax revenue received by the government.For the third quarter of 2018, petroleum income tax revenue declined 27pc to RM2.79 billion from RM3.81 billion in the second quarter.
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Leave a Comment » | oil and gas | Tagged: Kebabangan, Lim Guan Eng, Sabah | Permalink
Posted by Wata
Exclusive: Murphy Oil in talks to sell Malaysian oil, gas assets – sources
January 5, 2019Dateline 2018-11-28, Reuters:
Murphy Oil Corporation is in talks to sell its Malaysian oil and gas assets after an unsolicited bid that could fetch between $2 billion to $3 billion, people familiar with the matter said, in the latest energy M&A deal in the Southeast Asian nation.
The independent U.S. oil and gas exploration and production company has tapped banks for the potential sale of its majority interests in eight separate offshore production sharing contracts in Malaysia, said the people, who declined to be identified because the matter is confidential.
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High time Sabah manages oil, gas resources more effectively, says minister
January 4, 2019Ah, PETRONAS not doing its job?
Dateline 2018-11-17, Malay Mail:
Minister in the Prime Minister’s Department Datuk Liew Vui Keong said it is high time the new Sabah administration headed by Parti Warisan Sabah takes the necessary steps to manage its oil and gas resources more effectively.
He said the Petroleum Development Act 1974, for instance, needs to be reviewed and amended to enable the state government to have greater control in managing its own resources.
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Leave a Comment » | oil and gas | Tagged: LIew Vui Keong, Parti Warisan Sabah, PDA | Permalink
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I told you so, Najib says on budget after drop in crude oil price
January 3, 2019Dateline 2018-11-14, FMT:
Former prime minister Najib Razak continued to pour scorn on Pakatan Harapan’s (PH) maiden budget today, saying its decision to formulate the budget based on the Brent crude oil price of US$72 per barrel had backfired.
Najib (BN-Pekan) said he had warned the government, during his debate on the mid-term review of the 11th Malaysia Plan, not to use the pricing of US$70 per barrel to formulate the budget.
He noted that back then, the crude oil price was US$80 a barrel.
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Leave a Comment » | Malaysian election, oil and gas | Tagged: Najib Razak | Permalink
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Wata’s Wonderings – Eye-Opening Bio
January 2, 2019As I read through an article, it’s the bio of the writer which jumps out:
After receiving his Bachelor of Theology degree in 1970 from Baptist Bible College/Texas College of Theology, David J. Fish began his career in the oil and gas industry over 39 years ago.
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There is hope for you Classics Majors. Don’t hold your breath for a ChemEng dissertation on Dante though.
Leave a Comment » | oil and gas | Tagged: David J Fish, sampling, Welker | Permalink
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Diving Komodo 2018-11 2 of 8
January 2, 2019
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Leave a Comment » | diving, oil and gas | Tagged: Komodo | Permalink
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Natural gas reserves in S’wak sufficient for 17 years, says assistant minister
January 1, 2019Dateline 2018-11-09, Bernama:
The natural gas reserves discovered in Sarawak are estimated to be sufficient for 15 to 17 years at a daily production of 5,000 MMscf, says Assistant Minister for Corporate Affairs Abdullah Saidol.
He said it was important for the state, through Petroleum Sarawak Bhd (Petros), to enforce and protect production sharing contracts for several revenue streams in the state.
“52.7 percent of the country’s discovered gas reserves are in the state and it was also the largest natural gas producer in Malaysia at 52.89 trillion standard cubic feet,” Abdullah told the Sarawak Legislative Assembly in response to a question from Aidel Lariwoo (Sadong Jaya – BN) in Kuching today.
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Leave a Comment » | oil and gas | Tagged: Abdullah Saidol, Sarawak | Permalink
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Wata - Malaysian Oil and Gas Engineer 